This certificate is one of the first certificates in the world in the fight against financial and economic crimes and fraud prevention and is issued by the International Academy of Finance and Management in the United States and the holder of the certificate is an expert specialized in financial crimes worldwide.

Financial crime is constantly evolving. When one threat is deterred, another appears. Everyone within the organization has a role to play in protecting the organization and this certificate provides practical knowledge and useful skills in the field of financial crime prevention. Over the past years, the number of reported fraud and corruption cases has continued to increase, compounding the challenges faced by financial crime teams and a general lack of skill set to reduce them. History has shown that brilliant employees can manipulate even the best control systems for personal gain.

Target groups :-

  • Money laundering and terrorist financing reporting services
  • Compliance services
  • Risk management departments
  • Lawyers and legal advisers
  • Internal Audit Services
  • Financial Crime Control Services
  • Financial Crime Prevention Officers/Managers/Investigators/Employees
  • Financial Crime Investigators

The advantages of success in the certificate :-

  • The success of completing this course makes you certified in financial crimes and fraud prevention  CFC
  • You can use the CFC label on your business card and your CV
  •  Access to GAFM
  •  It is preferable to access education centers in the USA, UK, Europe, Asia, the Middle East and Latin America
  • Access to GAFM online magazine

Benefits of the certificate :-

  • Understanding global best practices in preventing fraud, corruption and money laundering
  • Practical guidance on financial crime controls
  • Review the latest legislation
  • Examples of successful fraud prevention, detection and recovery
  • Learn the requirements of global regulators
  • Implementation of critical internal controls, regulations and documents
  • Prevent and detect market abuse and anti-competitive practices in your organization
  • The practical application of the Financial Working Group and sanctions
  • Detection of red indicators in fraud
  • Identifying corruption practices and how to prevent them
  • Identify bribery practices and applicable laws

Unit 1 :-

  • What is fraud
  • The Basics of Fraud
  • Who commits fraud and why
  • Characteristics of financial crimes
  • Public Anti-Fraud Prevention Corporation
  • Other functions associated with fraud prevention
  • Information Security Policy /Accounting Systems
  • Non-electronic payment insurance policy
  • Internal audit, risks, compliance functions and fraud prevention
  • Fraud schemes
  • Understanding how fraud can be committed – Red Indicators
  • Fictitious revenue
  • Improper asset valuation
  • Liabilities and hidden expenses

Asset embezzlement schemes :-

  • Billing plans
  • Payroll fraud schemes
  • Theft of inventory and other assets
  • In the case of the united States, the United States has not been able to provide
  • The ethical framework (in preventing fraud).
  • Rules on staff conduct
  • The government’s support for the government’s work

Unit 2 :-

  • Money Laundering
  • What is money laundering and why is it important
  • Legal and illegal washing
  • Who uses money laundering practices
  • Anti-money laundering measures
  • Identify and report irregular transactions
  • Training of anti-money laundering techniques
  • Review anti-money laundering measures
  • International anti-money laundering standards
  • Basel Committee for Banking Supervision
  • International Organization of Securities Regulators
  • European Union and Council of Europe
  • International Association of Insurance Honors
  • Egmont Group
  • Wolfsburg Group
  • The government’s support for the government’s work in the country is a good
  • Financial Action Group – FATF
  • The role and objectives of the Financial Working Group, its limits and the legal context of its recommendations
  • Risk-based approach to the Financial Action Group to combat money laundering and counter-terrorist financing
  • Identify indicators of illegal activities

Unit 3 :-

  • Key components and differences between types of corrupt practices
  • Active and passive bribery
  • Abuse of a position
  • Illicit enrichment
  • Obstruction of justice and concealment.
  • role in fight against corruption
  • United Nations Global Compact
  • Undp
  • Work by the Development Assistance Committee of the Organization for Economic Cooperation and Development (OECD) on the fight against corruption
  • Anti-bribery principles developed by the World Economic Forum Against Corruption

Unit 4 :-

Similarities and differences between :-

  • Money laundering and terrorist financing
  • Funding for proliferation and financing terrorism
  • Measures to combat the financing of terrorism
  • Purpose and application of sanctions examination
  • Know the main provisions of the United Nations international
  • Convention on the Suppression of Terrorist Financing
  • Definition of the work of the United Nations Security Council in relation to the financing of terrorism
  • Standards to combat terrorist financing
  • FATF recommendations on terrorist financing
  • Eu initiatives
  • Wolfsburg Group statement on suppression of terrorist financing
  • Terrorist listing
  • Purpose and application of sanctions examination in relation to
  • Terrorist financing
  • International embargo
  • Asset freeze
  • The potential consequences of dealing with listed persons and entities.

Unit 5 :-

  • Methodology (risk matrix)
  • Identify fraud risk factors
  • Corrective Action Plan

Unit 6 :-

  • The difference between bribery and corruption
  • Bribing other people
  • Receiving bribes
  • Failure of commercial organizations to prevent bribery
  • Strict responsibility and meaning of “appropriate actions”
  • The six principles and legal context of the prevention of bribery
  • “Self-reporting” and relevant guidance from the Serious Fraud Office
  • Maximum penalties applied to individuals convicted by law
  • Failure to implement appropriate procedures and possible civil liability.

Unit 7 :-

  • Misappropriation of assets
  • Embezzlement schemes
  • Financial statements and fraud plans
  • Loan fraud and its red indicators
  • Mortgage fraud
  • Fraud Verification – Prevention and Investigation

Test time and details :-

Nature Test: Multiple-choice questions

Test duration: 2 hours

Success score: 70